Detached Two-Family High
For Sale
$989,900
132 Cedarview Avenue, Staten Island, NY 10306
Detached two-family high ranch with a main 3-bedroom unit and a separate ground-floor one-bedroom apartment.
Property Size2,400 SF
Price / SF$412.46
Days on Market169
Property Features for 132 Cedarview Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
MultiFamily
Zoning
R3-2
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,692
Amenities
Eat In, Galley
Full Bath
2
Gas
Forced Air
Combination
3.00
Unfinished
Full
Central
1
Brick, Vinyl Siding
Building Details
Year Built
1972
Listing Agency:
Gateway Arms Realty Corp.
(718) 981-3176
Listed By:
Christopher J Long · License #30LO0850855
(718) 981-3176
Source:
Compass
Added: Mar 8
Changed: Aug 8
Last Checked: Jul 23 at 4:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gateway Arms Realty Corp.
Investment Insights
Based on property information with market context.
This detached two-family high ranch offers two separate living units with independent residential layouts. The main unit includes an entry foyer leading to a first-floor family room with sliders to the side yard, along with access to a large basement that can be finished for additional living space. The second floor provides three bedrooms, a living room and dining room combination, a full bathroom, and an open kitchen.
A separate ground-floor one-bedroom side apartment features an open living area with access to a galley kitchen, a full bathroom, and a large private bedroom.
The property is located in Oakwood and is described as being within a half-block of the Oakwood train station, with access to an express bus stop and a major shopping plaza.
A separate ground-floor one-bedroom side apartment features an open living area with access to a galley kitchen, a full bathroom, and a large private bedroom.
The property is located in Oakwood and is described as being within a half-block of the Oakwood train station, with access to an express bus stop and a major shopping plaza.
Key Highlights
- Detached two‑family high ranch with a main 3‑bedroom unit plus a separate ground‑floor 1‑bedroom apartment
- Main unit offers an open kitchen plus a living room and dining room combination, and 1 full bathroom on the upper level
- Ground‑floor 1‑bedroom side apartment features an open living area, galley kitchen access, a full bathroom, and a large private bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,219,280
$1.2M
Cap Rate 7%
$870,914
$870.9K
Cap Rate 9%
$677,378
$677.4K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.2K $38.40/SF
− Vacancy
−$5.1K −$2.11/SF
EGI
$87.1K $36.29/SF
− OpEx
−$26.1K −$10.89/SF
NOI
$61.0K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,219,280
Cap Rate 7%
$870,914
Cap Rate 9%
$677,378
Alternative Uses
Best Use
Multifamily LT 5
$870.9K
$762.1K – $1.02M
NOI $60,964 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$773.9K
$677.2K – $902.9K
NOI $54,173 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,161 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family high ranch with a main 3-bedroom unit and a separate ground-floor one-bedroom apartment.
Where is this duplex located?
The property is located at 132 Cedarview Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $989,900.
What are key features of this property?
This property features: Detached two‑family high ranch with a main 3‑bedroom unit plus a separate ground‑floor 1‑bedroom apartment; Main unit offers an open kitchen plus a living room and dining room combination, and 1 full bathroom on the upper level; Ground‑floor 1‑bedroom side apartment features an open living area, galley kitchen access, a full bathroom, and a large private bedroom
